Terex Corporation
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Terex Corporation (TEX). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Aerials | – | – | – | $2.35B 45.6% | $2.41B 46.9% · +2.5% | $2.06B 37.9% · -14.5% |
| ES | – | – | – | $578.0M 11.2% | $822.0M 16.0% · +42.2% | $1.69B 31.1% · +105.7% |
| MP | – | – | – | $2.23B 43.2% | $1.90B 37.0% · -14.6% | $1.68B 30.9% · -11.6% |
| Materials Processing | $1.26B 41.3% | $1.69B 43.7% · +34.6% | $1.94B 43.9% · +14.8% | – | – | – |
| Aerial Work Platforms | $1.78B 58.7% | $2.18B 56.3% · +22.2% | $2.48B 56.1% · +14.0% | – | – | – |
| Environmental Solutions Group (ESG) | – | – | $0 0.0% | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Aerials | – | – | – | $321.0M 13.6% | $271.0M 11.2% | $103.0M 5.0% |
| ES | – | – | – | $50.0M 8.7% | $82.0M 10.0% | $234.0M 13.8% |
| MP | – | – | – | $359.0M 16.1% | $252.0M 13.2% | $234.0M 13.9% |
| Materials Processing | $143.4M 11.4% | $240.9M 14.2% | $298.0M 15.3% | – | – | – |
| Aerial Work Platforms | $500.0K 0.0% | $152.1M 7.0% | $196.0M 7.9% | – | – | – |
| Environmental Solutions Group (ESG) | – | – | $0 | – | – | – |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Revenue by product line
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Aerial Work Platforms | $1.24B 40.2% | $1.61B 41.5% · +30.6% | $1.80B 40.7% · +11.6% | $2.04B 39.5% · +13.2% | $2.03B 39.6% · -0.2% | $1.73B 31.8% · -15.1% |
| Utility Equipment | $352.4M 11.5% | $381.2M 9.8% · +8.2% | $466.0M 10.5% · +22.2% | $575.0M 11.2% · +23.4% | $793.0M 15.5% · +37.9% | $1.59B 29.3% · +100.4% |
| Materials Processing Equipment | $760.5M 24.7% | $1.00B 25.7% · +31.1% | $1.16B 26.2% · +15.9% | $1.41B 27.4% · +22.1% | $1.24B 24.1% · -12.3% | $1.08B 19.8% · -13.2% |
| Specialty Equipment | $495.0M 16.1% | $695.7M 17.9% · +40.5% | $782.0M 17.7% · +12.4% | $815.0M 15.8% · +4.2% | $664.0M 13.0% · -18.5% | $605.0M 11.2% · -8.9% |
| Other | $232.8M 7.6% | $199.3M 5.1% · -14.4% | $214.0M 4.8% · +7.4% | $313.0M 6.1% · +46.3% | $400.0M 7.8% · +27.8% | $427.0M 7.9% · +6.8% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 12, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.